NZ food prices rise in August on more expensive fruit and veg

Thu, 11 Sep 2014

By Suze Metherell Sept. 12 (BusinessDesk) - New Zealand food prices rose in August, paring the previous month's fall, as more expensive tomatoes, lettuce and broccoli offset discounted breads. The food price index rose 0.3 percent last month, paring a 0.7 percent fall in June, according to Statistics New Zealand. The index was 0.7 percent higher than August 2013, bolstered by a rise in restaurant and ready to eat meals. Food prices make up about 19 percent of the broader consumer price index, a measure of inflation in the economy, comp...

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